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5472

America1455
Level 1

where can I find on form 1065

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itonewbie
Level 15

Partnerships are required to report income of and withhold taxes on foreign partners under a different set of rules.  That's why F.5472 is not available in the Partnership module.

If you have read the filing instructions for F.5472 and Code/reg for §6038A and §6038C, why do you believe it is applicable to a partnership return?

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Still an AllStar

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itonewbie
Level 15

Partnerships are required to report income of and withhold taxes on foreign partners under a different set of rules.  That's why F.5472 is not available in the Partnership module.

If you have read the filing instructions for F.5472 and Code/reg for §6038A and §6038C, why do you believe it is applicable to a partnership return?

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Still an AllStar

View solution in original post

America1455
Level 1

Thank you for your answer, I know when filing 1065 in zeros don't need to send 5472 but when the partnership has activity must file this form for the foreign partner to avoid get penalize with $10K for not filed this form with the return.

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itonewbie
Level 15

Where did you get that understanding?

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Still an AllStar